Johnson & Johnson's most recent trend suggests a bullish bias. One trading opportunity on Johnson & Johnson is a Bull Put Spread using a strike $125.00 short put and a strike $120.00 long put offers a potential 7.76% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $120.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Johnson & Johnson is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Johnson & Johnson is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Johnson & Johnson
Asian shares mixed, Seoul up after Park impeachment affirmed
Fri, 10 Mar 2017 04:05:18 GMT
GLOBAL MARKETS-Oil prices slump amid ample supply, gold falls
Thu, 09 Mar 2017 21:56:41 GMT
Reuters – UK Focus – Crude oil extended a slump on Thursday on news of record-high U.S. stockpiles, dragging on equity markets as energy stocks slid, while bets the Federal Reserve will raise U.S. interest rates next week …
The 10 Most Important Tips for Playing the Stock Market in March
Thu, 09 Mar 2017 21:37:00 GMT
US STOCKS-Wall St ends up slightly; energy shares rebound
Thu, 09 Mar 2017 21:33:13 GMT
Reuters – UK Focus – A late rebound in energy shares helped U.S. stocks end a choppy session a tad higher on Thursday ahead of the U.S. monthly jobs report. A frenetic post-election rally on bets of reduced regulation and tax cuts under President Donald Trump has been losing steam as investors fret over valuations and the possibility of the Federal Reserve raising rates more aggressively.
US STOCKS-Wall St ends up slightly; energy shares rebound
Thu, 09 Mar 2017 21:33:13 GMT
Reuters – A late rebound in energy shares helped U.S. stocks end a choppy session a tad higher on Thursday ahead of the U.S. monthly jobs report. A frenetic post-election rally on bets of reduced regulation and tax cuts under President Donald Trump has been losing steam as investors fret over valuations and the possibility of the Federal Reserve raising rates more aggressively.
Related Posts
Also on Market Tamer…
Follow Us on Facebook